Stock analysts at B. Riley started coverage on shares of Continental Resources (NYSE:CLR) in a note issued to investors on Monday, MarketBeat Ratings reports. The firm set a “buy” rating and a $78.00 price target on the oil and natural gas company’s stock. B. Riley’s price target suggests a potential upside of 46.15% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets raised their price objective on Continental Resources from $8.00 to $11.00 in a research note on Monday, November 13th. SunTrust Banks restated a “buy” rating and set a $55.00 price objective on shares of Continental Resources in a research note on Friday, November 10th. Zacks Investment Research upgraded Continental Resources from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, November 8th. Bank of America raised their price objective on Continental Resources from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, Jefferies Group restated a “buy” rating and set a $47.00 price objective on shares of Continental Resources in a research note on Thursday, October 12th. Nine investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the stock. Continental Resources has an average rating of “Buy” and an average price target of $53.56.

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Continental Resources (CLR) opened at $53.37 on Monday. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.85 and a current ratio of 0.94. Continental Resources has a 52 week low of $29.08 and a 52 week high of $58.89. The firm has a market capitalization of $20,030.00, a price-to-earnings ratio of -762.43 and a beta of 1.36.

In other news, Director Mark E. Monroe sold 20,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $47.90, for a total transaction of $958,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Gary E. Gould sold 9,874 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $50.85, for a total value of $502,092.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 52,874 shares of company stock valued at $2,603,673. Insiders own 76.87% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Miller Howard Investments Inc. NY increased its holdings in Continental Resources by 22.5% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 22,097 shares of the oil and natural gas company’s stock worth $853,000 after acquiring an additional 4,060 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in Continental Resources in the 3rd quarter worth about $1,313,000. Wells Fargo & Company MN increased its holdings in Continental Resources by 40.5% in the 3rd quarter. Wells Fargo & Company MN now owns 568,536 shares of the oil and natural gas company’s stock worth $21,951,000 after acquiring an additional 163,935 shares during the last quarter. Ninepoint Partners LP purchased a new stake in Continental Resources in the 3rd quarter worth about $7,896,000. Finally, Boothbay Fund Management LLC purchased a new stake in Continental Resources in the 3rd quarter worth about $266,000. 22.54% of the stock is owned by hedge funds and other institutional investors.

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Continental Resources Company Profile

Continental Resources, Inc is a crude oil and natural gas company with properties in the North, South and East regions of the United States. The North region consists of properties north of Kansas and west of the Mississippi River and includes North Dakota Bakken, Montana Bakken and the Red River units.